Solana, a popular cryptocurrency, has experienced a significant price drop recently, but analysts predict a potential rebound. After reaching an all-time high of $208 in March, Solana's price has corrected by 30% over the past six weeks. This correction has led to a crucial support level at $140, which the bulls are defending fiercely.

Despite this correction, analysts believe Solana is primed for a resurgence. Inmortal, a crypto analyst, predicts Solana will reach a fresh all-time high of $320. Other analysts, like Maximilian FX and Orson Fawley, also see Solana breaking the $200 barrier again. This optimism stems from Solana's strong fundamentals and the overall bullish sentiment in the crypto market.

The current price level has created key resistance levels to watch, including $158, $175, and $185. If Solana breaks above $160, it may signal the correction is over and the uptrend has resumed. However, a drop below $140 risks a move towards the next major support level at $120. This would be a crucial test for the bulls and could potentially lead to a further decline.

While the overall crypto market sentiment is neutral, the environment remains favorable for a Solana price recovery. The recent correction has shaken out some of the weaker hands, and the remaining holders are likely to be more resilient. Additionally, the upcoming launch of Solana's metaverse, PudgyWorld, could provide a catalyst for price growth.

Will Solana regain its bullish momentum and push towards $200? The next few weeks will be crucial in determining the direction of the trend. If Solana can break above the key resistance levels and hold above $160, it could be a sign that the uptrend has resumed. However, if it fails to break above $160 and drops below $140, it could lead to a further decline. Only time will tell.